490 Woodman DrRiverside, OH 45431

Property Details for 490 Woodman Dr

Year built

1970

Construction

FRAME

Lot size

0.53 AC

Property size (Sq ft)

1,980 SF

Property type

Grocery and convenience stores

APN

I39 00918 0005

APU

I39009180005

Description

This exceptional investment opportunity features a brand-new, 1,418-square-foot Take 5 Oil Change located at 490 Woodman Dr, Riverside, OH 45431. Situated on a 0.43-acre lot, the property boasts a strong 6.25% cap rate and a substantial net operating income (NOI) of $105,000 annually. The property is subject to a 20-year triple-net (NNN) lease, commencing upon closing, with a corporate guarantee from Driven Funding Holdco, LLC (approximately 3,500 units). This NNN lease structure ensures minimal landlord responsibilities, providing a passive income stream for the investor. The lease includes attractive annual rent increases of 1.50%, further enhancing the long-term return on investment. Built in 2024, this property offers a secure and stable investment with four, five-year renewal options built into the lease agreement. The asking price is $1,680,000, representing a price per square foot of $1,184.77. The property is currently 100% occupied, providing immediate cash flow. This is a rare opportunity to acquire a high-performing, low-maintenance commercial property with a blue-chip tenant in a desirable location. The property's strong financials and long-term lease make it an ideal addition to any investment portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $558,500

  6.5%

  $515,538

  7%

  $478,714

• Comparable approach

  Method

  Valuation

  Relative Method

  $98,245

  Geo Method

  $98,245

• Alternative Use

  Use

  Valuation

  Residential

  $434,876

  Hospitality

  $398,344

  Educational

  $331,417

  Medical

  $342,815

  Retail

  $515,538

Location Insight

City

Dayton

County

Montgomery

State

Ohio

Latitude

39.7597

Longitude

-84.12

CBSA code

19430

CBSA name

DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].